Two of the largest groups of buyers who are purchasing businesses in the Truckee Meadows are investors and career changers. Because of the recent volatility of the stock market and corporate corruption, many investors have realized that as a business…
In different phases of life, whether in a transitional phase or nearing retirement, it is important for business owners to keep their options open and be prepared, should their circumstances change. Preparing your business to sell can be an arduous…
Deciding how the purchase of a business should be structured is no small task. If you are planning to help finance the sale of your business, you’ll want to tackle this issue very early in the sale process. When it…
According Michael Gerber, Author of E-Myth, many small businesses are started by technicians and craftsmen that have an entrepreneurial spasm and start their own business. Over time and with success small business owners are pulled away from their craft…
You’ll often hear business brokers and M&A advisors say that the right time to prepare for your exit is when you first launch. By that they mean that it’s important to always be thinking about how to optimize your business…
If you’re selling a business for the first time, you might have a preconceived notion of the type of buyer that’s most likely to purchase your business. However, the truth is that sellers often get competitive and attractive offers from…
Many buyers and sellers are not aware of the complexities that go into appraisals for businesses. To get the most accurate results, a business needs to be looked at from a variety of angles. When completing a business valuation, we…
Experts recommend that sellers prepare years before they plan to put their businesses up for sale, and there are many good reasons why they make this recommendation. A wide range of factors can interfere with the sale of a business,…
Selling any business can be complicated. Finding the right buyer is one hurdle that must be overcome. However, even once the right buyer has been found, there are still many reasons why a deal can collapse. Unpredicted Events It is…
No business is perfect, but when you are preparing your business to be sold, it is imperative that you lead with your strengths. That’s why it is important to work with a business broker or M&A advisor to identify, catalog…
Truly understanding a business is much like understanding the condition of a car. It is necessary for a skilled mechanic to “pop the hood” to access the true condition of a car. In much the same way, you and your…
As a business owner, your journey has likely been filled with challenges, triumphs, and hard work. But there comes a point when every entrepreneur must consider the future of their business. As my partner says, you can leave under your…